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Accounts Production Services & Technology

KPMG has developed leading edge Accounts Production software (K-Trinity AP) which allows users to automate the production of accounts and iXBRL.

Finance teams spend a considerable amount of time and effort every year producing Group, Statutory and Management accounts as well as dealing with iXBRL requirements. Many of the processes rely on manual intervention and a plethora of Word and Excel documents. Significant time and money can be wasted on non-value tasks such as casting numbers, roll-forward, manual transfer of numbers between files, checking / updating links, audit adjustments and version control.

Take control

K-Trinity AP allows users to automate the production of accounts and iXBRL. It can:

Automate up to 80% of accounts production

Integrate iXBRL tagging

Reduce the risk of errors in the financial accounts

Save time and resource

Maintain flexibility currently only available via bespoke in-house systems

Licensed to Audit and non-Audit clients in the UK and foreign jurisdictions.

K-Trinity AP can be licensed by clients to automate in-house accounts production processes. Alternatively, clients can outsource the accounts production process to KPMG’s UK accounts processing hub. Details of both services have been outlined below:

Includes full iXBRL tagging and test submission to HMRC's Government Gateway to ensure files can pass the validation process.

Easy to use, quick to integrate and cost effective in-house option. GAAP agnostic so can be used for UK GAAP, IFRS and Foreign GAAPS (particularly useful for organisations transferring accounts processes to a Shared Service Centre).

Gives the option to bring the work in-house at any time by licensing K-Trinity AP Technology.

Improve risk management with the in-built workflow management (legal entity and group level), casting/reconciliation controls and version control.

KPMG can assist with other financial report production e.g. management accounting, branches.

Automate accounts production by creating master accounts/notes which can be cascaded to other entities and controlled centrally.

Credentials

KPMG’s Accounting & Tax Technology Services team have over 10 years’ of experience in accounting and tax processes and systems and over 20 years of experience providing expertise and knowledge required to create a bespoke, affordable package to meet the specific requirements of the company’s business.

Since HMRC mandated the filing of statutory accounts, tax returns and computations in the iXBRL format, KPMG has helped more than 40% of FTSE 350 companies as well as many other large companies and SMEs to convert their accounts. Delivering outsourcing and XBRL services to our clients as well as our vast experience in Shared Service Centre operations and global outsource management, taught us a great deal about the accounts production issues and processes and enabled us to bring the market K-Trinity AP as a succinct and effective solution for producing financial information.

KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.